Bitcoin breaks through $ 97,400 amid military conflict between Pakistan and India

Analysts of the digital asset market note: Bitcoin BTC $99,163.18 Bitcoin 2.61% Market capitalization $1.97 trillion VOL. 24 hours $1.92 billion has rapidly increased by more than $ 3,500 in just a few hours, reaching $ 97,469. This movement was accompanied by the liquidation of short positions worth more than $ 55 million, which was another signal of high buying activity in the market. The daily trading volume exceeded $ 24 billion, and bitcoin’s dominance in the market reached 64%. The Relative Strength Index (RSI) currently stands at 66, indicating steady interest from buyers with no signs of overheating.

One of the main factors behind the growth was the US government’s announcement that it would resume trade negotiations with 18 countries — except China. Treasury Secretary Scott Bessent characterized this step as the beginning of a reduction in global trade tensions, which caused a short-term increase in risk appetite in financial markets. Analysts also see the impact of Donald Trump’s policy of lowering rates and softer economic conditions. The outbreak of military confrontation between Pakistan and India played an equally important role in the growth of the market’s flagship.

The positive dynamics were also supported by the words of Binance founder Чанпен Чжао" href="https://noworries.news/biography/chanpen-chzhao/" data-bio-id="3681">Changpeng Zhao (CZ), who predicted that Bitcoin would grow to $ 500,000 or even $ 1 million this cycle. He cited rapid inflows to ETFs, interest from governments, and examples of governmental introduction of cryptocurrencies in El Salvador and Bhutan.

Altcoins are also showing moderate growth: Ethereum ETH $1,910.12 Bridged Ether (StarkGate) 4.29% Market capitalization $0.17 billion VOL. 24 hours $1.11 billion added 1.02% (to $ 1,824), Solana SOL $150.84 Binance-Peg SOL 3.35% Market capitalization $0.17 billion VOL. 24 hours $0.45 billion - 0.90% (to $ 145.67), BNB $613.18 BNB 1.36% Market capitalization $89.46 billion VOL. 24 hours $0.15 billion - 0.58% (to $ 602.30), and XRP XRP $2.18 XRP 2.32% Market capitalization $127.66 billion VOL. 24 hours $0.26 billion stood out with an increase of 1.44% per day and 4.46% per week. Among the lesser-known tokens, LAYER and ALPACA rose in price by more than 30%, while the GORK and Fartcoin meme tokens showed sharp growth on decentralized platforms.

The total trading volume on the crypto market jumped by 27.35% to $ 81.48 billion. Despite macroeconomic uncertainty, the market is showing signs of recovery. The Federal Reserve is not expected to change its interest rate, which reinforces hopes for further growth. Although the altcoin index remains at only 24 out of 100, the psychological mark of $ 100,000 for Bitcoin could be a new start for the next wave of market optimism.